Welcome to the world of litecoins!

Litecoin is an online currency that’s skyrocketing in popularity. Find out everything you need to know about this new virtual currency that has all the investors massively excited, just scroll down.

What are Litecoins?

Litecoins are a virtual currency that can be used to buy and sell goods and services. All Litecoins exist purely online and don’t have a physical presence but despite that, they have a genuine value. This value is generally defined by online currency websites that trade in Litecoins and other virtual currencies.

Litecoins are created through the action of ‘Mining’ whereby computers solve increasingly difficult mathematical equations and in doing so are rewarded with Litecoins. Any computer with a good graphics card (GPU) can mine for Litecoins, though the difficulty of the mathematical equations is currently quite high, which means mining a single coin can take a few days.